Benchmark Starts GrubHub Inc. (GRUB) at Buy

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Put Buying Activity in Grubhub (GRUB) Targets Downside in Shares into July 30th Earnings Announcement -Susquehanna

July 23, 2019 1:56 PM EDT

Susquehanna options strategist Alison Edwards notes put buying activity in Grubhub (NYSE: GRUB), as an opening investors bought 2k Aug 70 Puts, paying $2.60 early in the day, and up to $3.50 more recently. Trading appears protective/bearish, possibly driven by next week's earnings (7/30).

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